401.COM<0401> - Results Announcement (Summary)
401.com Limited announced on 24/7/2001:
(stock code: 401)
Year end date: 31/3/2001
Currency: HKD (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/2000 from 1/4/1999
to 31/3/2001 to 31/3/2000
('000) ('000)
Turnover : 165,343 58,079
Profit/(Loss) from Operations : (208,045) (25,490)
Finance cost : (4,876) (18,059)
Share of Profit/(Loss) of Associates : (973) -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (201,657) (43,562)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (1.86 cents) (1.54 cents)
-Diluted : - -
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (201,657) (43,562)
Final Dividend per Share : Nil Nil
(Specify if with other options) : - -
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : -
B/C Dates for Other Distribution : N/A
Remarks:
(1) Following the release of the final results announcement of 401.com
Limited (the "Company") on teletext on 24/7/2001, the Company subsequently
notified the Exchange that due to clerical error in typing the names
of the last 2 items of the Remark (1), the Remark (1) is revised as
follows:-
Other (charges)/income
Group
2001 2000
HK$'000 HK$'000
Waiver of debts 8,928 26,905
Provision for bad and doubtful debts (26,404) (1,943)
Gain on disposal of associates - 889
Gain/(loss) on disposal of subsidiaries 6,607 (1,011)
Loss on disposal and write off of fixed assets (3,571) (450)
Net realized loss on disposal of investment
securities (2,157) -
Impairment loss on investment securities (90,830) -
Provision for diminution in value of
properties for sale (780) -
------------------------
(108,207) 24,390
========================
(2) Loss per share
The calculation of basic loss per share is based on the following data:
2001 2000
HK$'000 HK$'000
Loss
Net loss for the year 201,657 43,562
Dividend for preference shares 776 -
-------------------------
Loss for the purpose of basic loss per share 202,433 43,562
=========================
Number of shares
Weighted average number of shares
for the purpose of basic loss per share 10,872,009,615 2,833,813,991
==============================
Loss per share
Basic 1.86 cents 1.54 cents
=========================
Diluted loss per share for the year has not been presented as the effect
of any dilution is anti-dilutive.
(3) Certain comparative figures have been reclassified to conform with the
current year's presentation. In particular, the comparatives have been
adjusted or extended to take into account of SSAP No. 1.
For more details, please refer to the press announcement today.
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